The Colony

Office Space Market Report

Number of Listings (last 90 days)

4

Median Rate ($/sqft/yr)

$36


Median Size (sqft)

2,260

As of: August 17, 2017

The Colony Rates

The typical asking rate per listing is in the $30's per square foot per year.
The The Colony submarket is experiencing a an increase in rates.
In the last 3 months, the median rate
rose
$18 per sqft per year.
That's a 105%
increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the The Colony submarket has
lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

The Colony Listing Supply

In the last 90 days, 4 listings have been made available,
which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately.
About 275% of the office spaces in the The Colony are subleases,
so you might be able to find a shorter term or below market rent.
There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,260 sqft.
Most properties in this region are close to 2 stories.
Most buildings in this area were built in 1984
and are Class B.

The Colony Community

Not much of the real estate is used for commercial space, so it might be hard to find office space.
Professional services is the dominant industry in this market.
Commute by motorcycle is the most popular way to get to work amongst The Colony folk.
Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in The Colony.Market Report

Market Data

Real time and historical data on commercial real estate listings in The Colony.Research